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Manufacturing

º£½ÇÊÓƵ's largest lithium extraction facility to be built in County Durham
Climate Agenda
The Weardale Lithium project will create between 20 and 50 jobs and aims to produce battery-grade lithium carbonate from geothermal groundwaters
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Gateshead drug firm Shield Therapeutics to see revenues rise 84% amid boost in prescriptions
Pharmaceuticals
The firm - which specialises in iron deficiency tablet Accrufer - has announced a “significant step-up in revenue†during 2024
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Nissan-Honda merger talks run into difficulties, reports suggest
Automotive
A proposal to make Nissan a fully owned subsidiary of Honda is said to have scuppered talks
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Leaders position West Country as º£½ÇÊÓƵ's 'defence powerhouse'
Politics
'We can spread prosperity, boost industrial resilience and deter adversaries'
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Profit warnings rise in the North West as rising costs and global uncertainty combine with contract cancellations
North West
EY-Parthenon study shows industrial firms particulary affected
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North East battery recycling plant gets £1.7m investment boost
Deals
Lithium Salvage has received the seven-figure sum in a funding round led by Northstar Ventures
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Carmarthenshire manufacturer expanding after acquiring Welsh Government building
Welsh Government
Morgan Marine plans to create 20 new jobs over the next three years
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Sir Robert McAlpine appointed to help deliver £1.2bn electric arc furnace at Port Talbot
Manufacturing
Subject to planning consent the electric arc furnace will become operational in late 2027 or early 2028
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Fresh investment for component manufacturer
West Midlands
Opus International Products has used new capital from HSBC º£½ÇÊÓƵ to buy machinery for its warehouse in Leamington Spa
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Smiths Group to be broken up as FTSE 100 giant ditches big chunk of business
By City AM
The FTSE 100 engineering group will sell off Smiths Interconnect and separate Smiths Detection via a demerger or sale in a major shake-up
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Petards trading improved after Affini acquisition but 2024 expectations missed
Company Results
The group said its Tyneside-based rail and defence businesses showed better earnings but still faced challenges
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One of Wales' oldest firms BCB International under new ownership
Manufacturing
The Cardiff-based survival equipment maker has been acquired by Wescom Group
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Jaguar Land Rover pre-tax profit reverses by £100m despite sales rise
By City AM
Automotive giant Jaguar Land Rover has posted a pre-tax profit of £523m for the final three months of 2024, down from the £627m it reported during the same period in 2023
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Nearly 60 jobs at risk as VPK Packaging proposes closure of West Yorkshire factory
SMEs
The supplier to food and drink producers said it was not hopeful of improvements in its market and was taking the action to stem losses
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Tekmar Group seals £5m contract with º£½ÇÊÓƵ offshore wind project
Deals
The deal announcement comes a month after the firm's CEO revealed a new three-year strategy for growth
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Tyneside pharma firm Shield Therapeutics appoints new US-based CEO
Appointments
The company said Mr Lundstrom’s interim leadership has been instrumental in driving the firm’s growth
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JLR invests £65m in paint shops as global demand grows for personalised luxury vehicles
Jaguar Land Rover
West Midlands site will see new paint booths and robot painters
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Major Northumberland employer Egger sees profits fall as it battles rising costs
Company Results
The Hexham business said it delivered strong financial results despite the challenges
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Rolls-Royce signs £9bn submarines deal to create 1,000 jobs in 'largest ever' MoD contract
By City AM
The eight-year Unity contract covers research and technology, design, manufacture and in-service support of the nuclear reactors that power the Royal Navy's fleet of submarines
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Flooring maker Airea reports positive momentum as sales edge up
Company Results
The carpet tile specialist is undergoing a turnaround and expects full year 2024 results to be satisfactory
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Jobs under threat at crane maker Liebherr's Sunderland plant
Manufacturing
Management says it is taking the action in the face of continued low demand
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North East's high tech electronics firms could create thousands of jobs in coming years
Technology
A report backed by Durham County Council and the Compound Semiconductor Applications Catapult frames the advanced materials electronics industry as capable major growth
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Cranswick acquires pig genetics company and posts record Christmas trading results
Company Results
Bosses cautioned against inflationary pressures but said the business "is in great shape"
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Rolls-Royce market cap hits £50bn once again after recent share price rally
By City AM
The Derby-based FTSE 100 giant crossed the £50bn threshold for the first time at the start of December 2024 before its share price fell back, but the stock has surged again
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